In January 2014, Foley & Lardner LLP began transferring responsibility for monitoring and paying patent annuities and maintenance fees to their clients. Join this webinar to hear the proper steps to take in an Annuity Exit plan, including: evaluating your firms current annuity situation, deciding whether exiting annuities is the right decision for your firm, and the steps necessary for creating a successful plan to transition from the annuity and maintenance fee business.

Objectives:

•Examine the annuity processes currently being used within your firm.

•Identify the risk-benefit ratio of exiting the annuity business.

•Determine if exiting the annuity business is the right decision for your firm.

•Discuss what your level of involvement will be in assisting clients in taking over responsibility for their own annuity payments

•Explain the process of exiting the annuity business, including the challenges and lessons learned

CLMSM App Credit for Functional Specialists: 1 hour in the subject area of Legal Industry/Business Management (LI) towards the additional hours required of some Functional Specialists to fulfill the CLM application.

Speakers:

Marion Baker is Intellectual Property Department operating officer of Foley & Lardner. Baker has an extensive background in the successful management of personnel, departments and projects for national law firms, Big Five accounting firms, and the military. She is also was an administrator in the US Marine Corps, and is chair emeritus of the non-profit Marine Executive Association.

Sean O’Leary has been at Foley & Lardner LLP for the past 8 years in a variety of docketing roles. He is currently the IP Docketing Systems Manger, responsible for training, docketing software, and the Annuity Exit project at Foley.

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